Cartels, Competition and Public Procurement

Law and Economics Approaches to Bid Rigging

Stefan E. Weishaar (Autor)

Buch | Hardcover

352 Seiten

2013
Edward Elgar Publishing Ltd (Verlag)
978-0-85793-674-5 (ISBN)

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Cartels, Competition and Public Procurement uses a law and economics approach to analyse whether competition and public procurement laws in Europe and Asia deal effectively with bid rigging conspiracies.Stefan Weishaar explores the ways in which economic theory can be used to mitigate the adverse effects of bid rigging cartels. The study sheds light on one of the vital issues for achieving cost-effective public procurement - which is itself a critical question in the context of the global financial crisis. The book comprehensively examines whether different laws deal effectively with bid rigging and the ways in which economic theory can be used to mitigate the adverse effects of such cartels. The employed industrial economics and auction theory highlights shortcomings of the law in all three jurisdictions - the European Union, China and Japan - and seeks to raise the awareness of policymakers as to when extra precautionary measures against bid rigging conspiracies should be taken.

Students and researchers who have a keen interest in the relationship between law and economics, competition law and public procurement law will find this topical book invaluable. Practitioners can see how economic theory can be used to identify situations that lend themselves to bid rigging and policymakers will be informed about the shortcomings of existing legislation from a legal and economics perspective and will be inspired by approaches taken in different jurisdictions.

Contents:
1. Introduction
Part I: Economic Theory
2. Economic Theory on Optimal Deterrence and Enforcement
3. Industrial Economics
4. Auction Theory and Collusion
Part II: Legal Analysis
5. The Effectiveness of the Legal Regime Applicable to Bid Rigging in the European Union
6. Application of Auction Theory in Europe
7. The Effectiveness of the Legal Regime Applicable to Bid Rigging in China
8. Application of Auction Theory in China
9. The Effectiveness of the Legal Regime Applicable to Bid Rigging in Japan
10. The Japanese Construction Sector
11. Limits of Economic Theories and Concluding Remarks
Appendix 1. Europe - An Overview of Public Procurement Law
Appendix 2. China - An Overview of Public Procurement Law
Appendix 3. History of Japanese Antitrust Legislation
References
Index

Stefan E. Weishaar, Professor of Law and Economics, University of Groningen, the Netherlands

Contents: 1. Introduction Part I: Economic Theory 2. Economic Theory on Optimal Deterrence and Enforcement 3. Industrial Economics 4. Auction Theory and Collusion Part II: Legal Analysis 5. The Effectiveness of the Legal Regime Applicable to Bid Rigging in the European Union 6. Application of Auction Theory in Europe 7. The Effectiveness of the Legal Regime Applicable to Bid Rigging in China 8. Application of Auction Theory in China 9. The Effectiveness of the Legal Regime Applicable to Bid Rigging in Japan 10. The Japanese Construction Sector 11. Limits of Economic Theories and Concluding Remarks Appendix 1. Europe – An Overview of Public Procurement Law Appendix 2. China – An Overview of Public Procurement Law Appendix 3. History of Japanese Antitrust Legislation References Index

Erscheint lt. Verlag	30.4.2013
Reihe/Serie	New Horizons in Competition Law and Economics series
Verlagsort	Cheltenham
Sprache	englisch
Maße	156 x 234 mm
Themenwelt	Recht / Steuern ► EU / Internationales Recht
	Recht / Steuern ► Wirtschaftsrecht ► Wettbewerbsrecht
	Sozialwissenschaften ► Politik / Verwaltung ► Staat / Verwaltung
	Wirtschaft ► Volkswirtschaftslehre ► Wirtschaftspolitik
ISBN-10	0-85793-674-3 / 0857936743
ISBN-13	978-0-85793-674-5 / 9780857936745
Zustand	Neuware